CORNING INC /NY — Director's Dealing 2006

Nov 22, 2006

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: CORNING INC /NY (GLW)
CIK: 0000024741
Period of Report: 2006-11-21

Reporting Person: AIELLO LARRY (Pres. & CEO - CCS Holdings)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2006-11-21	Common Stock	M	50000	$6.71	Acquired	271196	Direct
2006-11-21	Common Stock	F	15968	$21.01	Disposed	255228	Direct
2006-11-21	Common Stock	F	14447	$21.01	Disposed	240781	Direct
2006-11-22	Common Stock	S	19585	$21.31	Disposed	221196	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2006-11-21	Stock Options (Right to buy)	$6.71	M	50000	Disposed	2012-04-24	Common Stock (50000)	Direct
2006-11-21	Stock Options (Right to buy)	$21.01	A	15968	Acquired	2012-04-24	Common Stock (15968)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	18730.86	Indirect